Pre - Market Analysis (23rd March 2023)

1. U.S Markets closed lower yesterday.

2. Right now , U.S Futures are slightly higher.

3. SGX Nifty is down 50-60 Points.

4. Asian markets are mostly down.

5. Yesterday was a rangebound day.

6. Nifty moved vigorously after market opening Yesterday.

7. It was trading in a tight range of 100 points or so

8. FII's were net buyers yesterday.

9. After having sold aggressively on daily basis ,they took a pause yesterday.

10. That might be due to the FED event.

11. They might have preferred not to carry any trades going into the event.

12. Yesterday FED raised interest rates by 25 basis points.

13. The Commentary was also Hawkish as the FED governor raised concerns of Banking crisis.

14. Though he gave assurance that there's lot of liquidity etc market fell after the event.

15. Market swung yesterday before the event and more so post the event.

16. FED'S action of raising the rates despite the ongoing banking crisis instilled fear amount the investing community.

17. FED also gave a road map that there would only be one rate hike in 2023.

18. Today is weekly expiry and looking at open interest it feels that market should trade in a tight range.

19. There has been huge open Interest at 17100 , 17150 & 17200 strikes both Call & Put.

20. There has been huge Call writing for 17200 and above.

21. Nifty might trade between 17000 to 17200 today.

22. stockmarketadvisory.in

Comments

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't

Pre - Market Analysis (18th August 2022)

U.S Markets closed Flat Yesterday. Asian markets are mixed. SGX Nifty is close to 17940 right now. Yesterday markets broke out of 17900 and now are closer to 18000. 18000 is important as 18000 CE has the highest open interest. Highest amount of calls have been written for 18000 CE strike price. Plus round figures always act as psychological resistance too. Today is the weekly expiry and as of now the range is 17800 to 18000. 17800 is a strong support level and 18000 might act as resistance. Markets will gain steam once 18000 is taken out. Today could be a side-ways expiry. But nothing can be said as markets can always surprise you. IT Index has crossed 30k. Sensex yesterday hit a landmark of 60k. Sensex and Nifty both are now just 3% away from all time highs. So this isnt just a Bull Market , it's a raging Bull Market. India VIX closed below 18 yesterday. Bank Nifty is close to important levels of 40k. Once these important levels are taken out then we move towards all t

Pre - Market Analysis (14th September 2022)

U.S Markets closed lower Yesterday. Dow Jones & S&P 500 crashed 4% each. Nasdaq crashed 5% Yesterday. SGX Nifty is indicating a 300 point massive gap down today Asian markets are lower. Reason is the U.S Inflation data which got released yesterday. Inflation data arrived was at 8.3% . This Data was higher than the expected data. Market wasn't expecting Inflation data to be above 8%. But this data shocked the markets. Yesterday Dow futures were higher till Inflation data was announced. They were higher by 200 points. As soon as Inflation data got announced it spooked the markets U.S VIX rose 15% Yesterday. Right now Dow futures are slightly higher. 17800 is a strong support for Nifty. It this holds we can expect fall to reduce. Fall shouldn't be drastic if Nifty holds 17800. Yesterday many traders had longs as Nifty closed above 18k. All these traders will be chopped off due to this gap down. Nifty might Trade between 17700 to 18000 today. stockmarketadviso

All you Need to know about Stock Markets

Search This Blog